Bitcoin above $25K and problems of Binance. The main events of the week

Bitcoin above $25K and problems of Binance. The main events of the week

Author: Robert Strickland

Bitcoin above $25K and problems of Binance. The main events of the week
Court allows FTX to sell shares in companies and other assets, NFT issue leads to new records in the bitcoin network and other events of last week

  • Monday

U.S. ordered to stop issuing the third most capitalized stablecoin

The New York State Department of Financial Services ordered the issuer of the third most capitalized stablecoin to stop issuing new BUSD tokens

Robert Kiyosaki predicted the growth of bitcoin to $500 thousand by 2025

A gigantic financial collapse and depression are coming, says the author of the bestseller "Rich Daddy, Poor Daddy".

Tether's share of the stablecoin market exceeds 51% for the first time since May 2022

The largest U.S. dollar-linked cryptocurrency by capitalization is growing in popularity, despite increased scrutiny from U.S. regulators on the digital asset category

  • Tuesday

NFT issuance leads to new records in the bitcoin network

The number of addresses with a non-zero balance in the network of the leading cryptocurrency reached an all-time high of 44 million

Court allows FTX to sell stakes in companies and other assets

Crypto exchange will be able to sell assets valued at $10 million or less. FTX's Turkish units were excluded from exchange restructuring proceedings

  • Wednesday

Chinese state-owned company Conflux to launch blockchain-based sim card

China's second-largest wireless operator China Telecom and the Conflux Network project will launch a BSIM pilot program in Hong Kong by the end of this year

Russian man's property seized in Kazakhstan for cryptocurrency transactions

Law enforcement authorities claim that the amount of illegally obtained by the man amounted to almost $400 thousand.

  • Thursday

Tornado Cash developer is jailed at least until the end of April

Alexei Pertsev's lawyer said that the court's lack of knowledge about decentralized technology is the main reason why his client was not released on bail.

Binance said it is ready to pay fines in the U.S. for past violations

The largest cryptocurrency is awaiting the end of investigations by U.S. regulators, which are likely to result in fines but may not be limited to them

  • Friday

The SEC accused the creator of the UST stablecoin that crashed the market of fraud

A U.S. regulator sued blockchain platform Terraform Labs and its founder Do Kwon, alleging that they raised billions of dollars from investors by selling them securities under the guise of cryptocurrencies

Bitcoin rose above $25,000 for the first time in six months.

However, after climbing to $25,200, the price of the first cryptocurrency dropped by $1,500.



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